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GM and its joint ventures post record sales during 1H and June in China

GM and its joint ventures in China posted record sales during the first half of the year and June. GM’s sales in China in the first six months of 2014 increased 10.5% from last year’s previous record for the period to 1,731,282 units. GM’s domestic sales in June rose 9.1% to 257,798 units.

During the first half of 2014, Shanghai GM’s sales in China were up 10.3% on an annual basis to 819,667 units and SAIC-GM-Wuling’s sales in China increased 11.5% to 883,724 units. Both were records for the period. FAW-GM’s sales in China were down 7.2% to 27,579 units.

Buick sales in the domestic market increased 12.2% from the first half of 2013 to 450,421 units, led by record demand for the original Excelle family, Excelle XT and GT, Regal and Encore. Chevrolet sales in China rose 4.2% to 335,486 units due in large part to record sales of the Cruze and Malibu and the ongoing popularity of the Sail and Captiva. Domestic sales of the Cadillac brand jumped 71.7% to 33,760 units, with record demand for the SRX and XTS, and a strong start of sales for the ATS. All three brands had all-time highs for the first half.

Wuling sales in China increased 13.2% on an annual basis to a record 845,844 units. It was driven by record demand for the Hong Guang family—which has had sales of at least 50,000 units every month in 2014—and the ongoing popularity of the Rong Guang and Sunshine. Sales of the Baojun brand in China totaled 37,880 units during the first half of the year.

Shanghai GM’s domestic sales in June rose 9.3% on an annual basis to a record for the month of 133,316 units, while SAIC-GM-Wuling’s sales in China were up 10.9% to a June record 122,359 units. Sales in China by FAW-GM totaled 2,123 units.

Buick’s domestic sales rose 13.8% on an annual basis to an all-time June high of 71,062 units, led by the original Excelle family, which had sales of 22,931 units, and the Excelle XT and GT, which had sales of 18,394 units. In addition, the Regal and Encore had record sales for the month of 9,563 units and 7,857 units respectively. Chevrolet sales in China were up 1.5% to a new June high of 56,060 units, led by Cruze sales of 20,599 units and Sail sales of 16,535 units. Cadillac sales also set a June record, growing 45.9% to 6,194 units, as sales of the XTS totaled 2,732 units and sales of the SRX reached 2,479 units.

Wuling sales in China came in at a June record 118,091 units, an increase of 13.4% from the previous June. Sales of the Hong Guang family jumped 76.2% to 51,198 units. Demand for the Baojun brand totaled 4,268 units.


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